www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Chevron http://www.upstreamonline.com/live/1371545/Chevron Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371545/Chevron Fri, 01 Aug 2014 11:36:27 +0000 live Statoil on fast road to recovery http://www.upstreamonline.com/live/1371542/Statoil-on-fast-road-to-recovery Statoil aims to tap additional oil and gas resources of more than 1.2 billion barrels of oil equivalent through installation of compression technology on fields off Norway over the next few years. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371542/Statoil-on-fast-road-to-recovery Fri, 01 Aug 2014 10:42:44 +0000 live Geokinetics in CGG buy http://www.upstreamonline.com/live/1371536/Geokinetics-in-CGG-buy Houston-based onshore and shallow-water seismic player Geokinetics is to acquire the North American land seismic acquisition business of French counterpart CGG. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371536/Geokinetics-in-CGG-buy Fri, 01 Aug 2014 09:38:37 +0000 live Arctic Sunrise heads for home http://www.upstreamonline.com/live/1371529/Arctic-Sunrise-heads-for-home A Greenpeace vessel that was detained in Russia along with 30 activists over an Arctic drilling campaign is finally en route to a Dutch port but will require “extensive repairs” as it is in considerable state of disrepair, the environmental watchdog has claimed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371529/Arctic-Sunrise-heads-for-home Fri, 01 Aug 2014 09:04:11 +0000 live Rocksource names new chief http://www.upstreamonline.com/live/article1371528.ece Norwegian independent Rocksource has named a new chief executive to replace outgoing boss Chris Spencer. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1371528.ece Fri, 01 Aug 2014 09:00:31 +0000 live Andes grabs Colombian block trio http://www.upstreamonline.com/live/1371526/Andes-grabs-Colombian-block-trio UK-listed Andes Energia has won preliminary rights to a trio of Colombian onshore blocks containing discoveries and that may be prospective for unconventional plays. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371526/Andes-grabs-Colombian-block-trio Fri, 01 Aug 2014 08:22:25 +0000 live MOL in profits boost http://www.upstreamonline.com/live/1371525/MOL-in-profits-boost Hungarian oil and gas group MOL posted a 27% increase in second-quarter net profit, despite seeing a drop in earnings before interest, tax, depreciation and amortisation due to weak results from its upstream segment. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371525/MOL-in-profits-boost Fri, 01 Aug 2014 08:20:06 +0000 live Duo set for Polish shale well test http://www.upstreamonline.com/live/1371519/Duo-set-for-Polish-shale-well-test US oil major ConocoPhillips and London-listed 3Legs Resources are to begin testing a long horizontal shale gas well in Poland’s Baltic basin after completing what is thought to be the country’s first 25-stage fracture stimulation. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371519/Duo-set-for-Polish-shale-well-test Fri, 01 Aug 2014 08:19:26 +0000 live Rosneft ties up Weatherford buy http://www.upstreamonline.com/live/1371518/Rosneft-ties-up-Weatherford-buy Russia’s state-owned Rosneft has wrapped up its second deal for drilling assets in the space of a week amid European and US sanctions due to take effect on Friday aimed at preventing the company from getting its hands on such equipment. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371518/Rosneft-ties-up-Weatherford-buy Fri, 01 Aug 2014 07:30:29 +0000 live OVL, Oil India ‘chase Murphy assets’ http://www.upstreamonline.com/live/1371517/OVL-Oil-India-‘chase-Murphy-assets’ ONGC Videsh (OVL) and Oil India have submitted a joint bid valued at $1.5 billion for stakes in the Malaysian assets of Murphy Oil, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371517/OVL-Oil-India-‘chase-Murphy-assets’ Fri, 01 Aug 2014 07:30:26 +0000 live BP's Clair Ridge facing first oil delay http://www.upstreamonline.com/live/1371516/BPs-Clair-Ridge-facing-first-oil-delay Construction of modular topsides at Hyundai taking longer than expected Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371516/BPs-Clair-Ridge-facing-first-oil-delay Fri, 01 Aug 2014 07:18:21 +0000 live MX forms Mexican JV with Geo http://www.upstreamonline.com/live/1371515/MX-forms-Mexican-JV-with-Geo Mexico-focused MX Oil has entered a joint venture agreement with Mexican service provider Geo Estratos. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371515/MX-forms-Mexican-JV-with-Geo Fri, 01 Aug 2014 07:12:33 +0000 live EMGS wins $4.3m contract http://www.upstreamonline.com/live/1371514/EMGS-wins-4.3m-contract Oslo-listed Electromagnetic Geoservices (EMGS) has signed a multi-client data agreement contract worth about $4.3 million. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371514/EMGS-wins-4.3m-contract Fri, 01 Aug 2014 07:00:39 +0000 live CBM rig launches on market http://www.upstreamonline.com/live/1371513/CBM-rig-launches-on-market Singapore-registered player GasDrill International has launched a coalbed methane gas drill rig onto the Australian market. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371513/CBM-rig-launches-on-market Fri, 01 Aug 2014 06:29:15 +0000 live CGG dips into the red http://www.upstreamonline.com/live/1371512/CGG-dips-into-the-red Seismic player CGG has blamed a “difficult market” as second-quarter earnings took a dive into the red. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371512/CGG-dips-into-the-red Fri, 01 Aug 2014 06:18:09 +0000 live Attacks hit Ecopetrol's profits http://www.upstreamonline.com/live/1371510/Attacks-hit-Ecopetrols-profits Colombia’s Ecopetrol saw profits fall during the second quarter of the year as output was hit by rebel attacks on infrastructure. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371510/Attacks-hit-Ecopetrols-profits Fri, 01 Aug 2014 05:22:03 +0000 live Woodside buy-back falls short http://www.upstreamonline.com/live/1371508/Woodside-buy-back-falls-short A US$2.68 billion share buy-back from Anglo-Dutch supermajor Shell of shares Woodside Petroleum has been knocked back after failing to secure enough of the shareholder vote. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371508/Woodside-buy-back-falls-short Fri, 01 Aug 2014 04:38:03 +0000 live Brent holds near $106 http://www.upstreamonline.com/live/1371509/Brent-holds-near-106 Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371509/Brent-holds-near-106 Fri, 01 Aug 2014 04:33:53 +0000 live Gas explosion kills 22 in Taiwan http://www.upstreamonline.com/live/1371507/Gas-explosion-kills-22-in-Taiwan An explosion caused by a gas leak has resulted in at least 22 deaths and left up to 270 injured in the southern Taiwanese city of Kaohsiung, according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371507/Gas-explosion-kills-22-in-Taiwan Fri, 01 Aug 2014 03:22:11 +0000 live Husky closes in on Madura bidder shortlist http://www.upstreamonline.com/live/1371502/Husky-closes-in-on-Madura-bidder-shortlist Husky Energy of Canada is expected to soon select its preferred bidders for a floating production unit destined for the MDA-MBH field development on the Madura Strait production sharing contract off Indonesia. stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/1371502/Husky-closes-in-on-Madura-bidder-shortlist Fri, 01 Aug 2014 01:11:41 +0000 live BG faces strikes in Queensland http://www.upstreamonline.com/live/1371500/BG-faces-strikes-in-Queensland Strike action could cause serious problems for UK operator BG as it begins the ramp-up of its $20.4 billion Queensland Curtis liquefied natural gas project (QCLNG). bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371500/BG-faces-strikes-in-Queensland Fri, 01 Aug 2014 00:58:18 +0000 live Oz CBM emissions lower than US http://www.upstreamonline.com/live/1371495/Oz-CBM-emissions-lower-than-US A first-of-its-kind Australian study has found that fugitive emissions from coalbed methane wells in Australia are 20 times lower than the level in the US. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371495/Oz-CBM-emissions-lower-than-US Thu, 31 Jul 2014 23:58:36 +0000 live Marathon 'doubtful' Loop would export US crude http://www.upstreamonline.com/live/1371492/Marathon-doubtful-Loop-would-export-US-crude Increased interest among some U.S. companies to export minimally processed very light domestic crude has not translated into solid plans to move oil out of the country's only port that can take deliveries from the largest tankers, Marathon Petroleum chief executive Gary Heminger said on Thursday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371492/Marathon-doubtful-Loop-would-export-US-crude Thu, 31 Jul 2014 23:33:38 +0000 live Cheniere construction moving apace http://www.upstreamonline.com/live/1371489/Cheniere-construction-moving-apace The first two trains of Cheniere Energy Partners' liquefied natural gas export facility, the first of its kind in the US, is ahead of its contractual schedule at 69% complete with first LNG seen as soon as late 2015. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371489/Cheniere-construction-moving-apace Thu, 31 Jul 2014 22:44:50 +0000 live Oil & gas drives Fluor profits http://www.upstreamonline.com/live/1371490/Oil--gas-drives-Fluor-profits Engineering outfit Fluor rode a 57% increase in performance from its oil and gas unit to post a higher overall profit in the second quarter. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371490/Oil--gas-drives-Fluor-profits Thu, 31 Jul 2014 22:40:07 +0000 live LQT delivers for new Alaska gas platform http://www.upstreamonline.com/live/1371488/LQT-delivers-for-new-Alaska-gas-platform Accommodations and specialty buildings maker LQT Industries has delivered a 30-bed aluminium quarters module for a new gas production platform in Cook Inlet, Alaska. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371488/LQT-delivers-for-new-Alaska-gas-platform Thu, 31 Jul 2014 22:20:31 +0000 live Operator spills acid in Oklahoma http://www.upstreamonline.com/live/1371485/Operator-spills-acid-in-Oklahoma Clean-up is under way at the site of a hydrochloric acid spill in rural Oklahoma that occurred earlier this week. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371485/Operator-spills-acid-in-Oklahoma Thu, 31 Jul 2014 18:56:57 +0000 live Petrobras halts platform output after spill, fire http://www.upstreamonline.com/live/1371484/Petrobras-halts-platform-output-after-spill-fire Petrobras reportedly shut in production at the PNA-1 platform in Brazil's Campos basin on Wednesday amid reports of a spill and fire at the unit, a local oil workers union said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371484/Petrobras-halts-platform-output-after-spill-fire Thu, 31 Jul 2014 18:49:23 +0000 live Oregon LNG gets DOE approval http://www.upstreamonline.com/live/1371483/Oregon-LNG-gets-DOE-approval The US Energy Department has conditionally authorised the proposed Oregon LNG terminal to export gas to countries that do not have a free trade agreement with the US. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371483/Oregon-LNG-gets-DOE-approval Thu, 31 Jul 2014 18:15:48 +0000 live Ferc approves Freeport LNG project http://www.upstreamonline.com/live/1371482/Ferc-approves-Freeport-LNG-project The US Federal Energy Regulatory Commission has green-lit construction of the Freeport liquefied natural project in Texas. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371482/Ferc-approves-Freeport-LNG-project Thu, 31 Jul 2014 18:07:27 +0000 live Argentina talks collapse into default http://www.upstreamonline.com/live/1371477/Argentina-talks-collapse-into-default Talks between holdout investors and Argentine officials over the country's debt crisis broke down Wednesday ahead of a midnight deadline, leaving the Latin American nation facing its second default since 2001. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371477/Argentina-talks-collapse-into-default Thu, 31 Jul 2014 16:52:27 +0000 live Imperial rakes in higher profit http://www.upstreamonline.com/live/1371475/Imperial-rakes-in-higher-profit ExxonMobil-controlled Imperial Oil posted higher revenues and profits in the second quarter thanks to increased sales from the oil sands and higher production from its Kearl project. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371475/Imperial-rakes-in-higher-profit Thu, 31 Jul 2014 16:46:15 +0000 live Eni expands asset sales plans http://www.upstreamonline.com/live/1371469/Eni-expands-asset-sales-plans Italy’s Eni has hiked its divestiture programme by 22% to place a greater focus on its core business and recent exploration discoveries, while confirming its stake in services player Saipem is now considered a non-core asset. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371469/Eni-expands-asset-sales-plans Thu, 31 Jul 2014 15:45:02 +0000 live Novatek: ‘Yamal LNG start-up on track’ http://www.upstreamonline.com/live/1371464/Novatek-‘Yamal-LNG-start-up-on-track’ Novatek’s giant liquefied natural gas project at Yamal will still make its start-up date target despite a plethora of sanctions imposed on Russia and the company itself, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371464/Novatek-‘Yamal-LNG-start-up-on-track’ Thu, 31 Jul 2014 14:54:36 +0000 live Poland admits to shale gas slowdown http://www.upstreamonline.com/live/1371451/Poland-admits-to-shale-gas-slowdown Poland will not hit the milestone of 100 shale exploration wells this year as previously hoped, the country’s environment minister has reportedly admitted. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371451/Poland-admits-to-shale-gas-slowdown Thu, 31 Jul 2014 13:44:45 +0000 live Kurdish oil cargo in 'tanker transfer' http://www.upstreamonline.com/live/1371432/Kurdish-oil-cargo-in-tanker-transfer Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two vessels are headed, according to a report. (News Wires) http://www.upstreamonline.com/live/1371432/Kurdish-oil-cargo-in-tanker-transfer Thu, 31 Jul 2014 13:28:33 +0000 live 'Sanctions to hit' Lukoil spending http://www.upstreamonline.com/live/1371376/Sanctions-to-hit-Lukoil-spending Russia’s second-largest oil producer Lukoil will be forced to curb its investment programme due to limited access to financing, its boss was reported as saying on Thursday. (News Wires) http://www.upstreamonline.com/live/1371376/Sanctions-to-hit-Lukoil-spending Thu, 31 Jul 2014 12:59:29 +0000 live Apache profits slashed by sales http://www.upstreamonline.com/live/1371339/Apache-profits-slashed-by-sales Apache has confirmed that further asset sales are on the cards after seeing its second-quarter profits chopped in half, largely as a result of divestments. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371339/Apache-profits-slashed-by-sales Thu, 31 Jul 2014 12:42:54 +0000 live ExxonMobil profit balloons in Q2 http://www.upstreamonline.com/live/1371282/ExxonMobil-profit-balloons-in-Q2 US supermajor ExxonMobil has reported a large rise in net profit in the second quarter despite a drop in production, as oil prices rose. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371282/ExxonMobil-profit-balloons-in-Q2 Thu, 31 Jul 2014 12:22:53 +0000 live H&P sales soar, inks rig deals http://www.upstreamonline.com/live/1371303/HP-sales-soar-inks-rig-deals US land drilling drove rig owner Helmerich & Payne (H&P)’s top line in the third quarter of the fiscal year, although the net profit dropped. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371303/HP-sales-soar-inks-rig-deals Thu, 31 Jul 2014 12:15:22 +0000 live Shell in Ukraine shale force majeure http://www.upstreamonline.com/live/1371302/Shell-in-Ukraine-shale-force-majeure Shell has declared force majeure on an exploration project in Ukraine that is close to the site where Malaysia Airlines flight MH17 crashed, although it is too early to assess the impact on the company of sanctions on Russia, according to its chief executive. (News Wires) http://www.upstreamonline.com/live/1371302/Shell-in-Ukraine-shale-force-majeure Thu, 31 Jul 2014 12:13:36 +0000 live Moscow faces new Yukos penalty http://www.upstreamonline.com/live/1371299/Moscow-faces-new-Yukos-penalty Yukos shareholders are reported to have been awarded an "unprecedented" €1.9 billion ($2.6 billion) by the European Court of Human Rights in a damages claim against the Russian state over its takeover of the now defunct oil company. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1371299/Moscow-faces-new-Yukos-penalty Thu, 31 Jul 2014 12:03:14 +0000 live Ensco slumps on impairments http://www.upstreamonline.com/live/1371297/Ensco-slumps-on-impairments Impairments on floaters sank rig giant Ensco in the second quarter as it racked up a large loss for the period. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371297/Ensco-slumps-on-impairments Thu, 31 Jul 2014 12:00:06 +0000 live Centrica boosts upstream profits http://www.upstreamonline.com/live/1371296/Centrica-boosts-upstream-profits UK utility has lifted its upstream profits but the company’s net earnings fell by a third at group level. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371296/Centrica-boosts-upstream-profits Thu, 31 Jul 2014 11:48:59 +0000 live Oxy up on domestic flows http://www.upstreamonline.com/live/1371295/Oxy-up-on-domestic-flows Occidental Petroleum buoyed its bottom line in the second quarter as domestic output grew. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371295/Oxy-up-on-domestic-flows Thu, 31 Jul 2014 11:40:02 +0000 live ConocoPhillips steady in Q2 http://www.upstreamonline.com/live/1371294/ConocoPhillips-steady-in-Q2 ConocoPhillips improved its net profit marginally in the second quarter as production rose. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371294/ConocoPhillips-steady-in-Q2 Thu, 31 Jul 2014 11:14:50 +0000 live BNK warns of Gapowo's 'low permeability' http://www.upstreamonline.com/live/1371272/BNK-warns-of-Gapowos-low-permeability California’s BNK Petroleum has warned that its hydraulic fracturing of its Gapowo B1 horizontal appears to have resulted in “lower than desired effective permeability” at the shale gas well in northern Poland. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371272/BNK-warns-of-Gapowos-low-permeability Thu, 31 Jul 2014 10:37:51 +0000 live Nostrum gets Kazakh train rolling http://www.upstreamonline.com/live/1371270/Nostrum-gets-Kazakh-train-rolling Nostrum Oil & Gas has awarded a $150 million contract for construction of a third train to expand the gas treatment facility at its Chinarevskoye field in north-west Kazakhstan. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371270/Nostrum-gets-Kazakh-train-rolling Thu, 31 Jul 2014 09:57:46 +0000 live Eni seals Myanmar PSCs http://www.upstreamonline.com/live/1371269/Eni-seals-Myanmar-PSCs Eni has made its maiden move into Myanmar after finalising a pair of production sharing contracts in the emerging oil powerhouse. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371269/Eni-seals-Myanmar-PSCs Thu, 31 Jul 2014 09:40:08 +0000 live CNOOC Ltd starts Panyu flows http://www.upstreamonline.com/live/1371260/CNOOC-Ltd-starts-Panyu-flows Production already at 9000 bpd at one of four projects in Enping oil complex in South China Sea Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371260/CNOOC-Ltd-starts-Panyu-flows Thu, 31 Jul 2014 09:18:37 +0000 live Indian explorers face $2.5bn subsidy bill http://www.upstreamonline.com/live/1371261/Indian-explorers-face-2.5bn-subsidy-bill India's state-owned upstream companies face making a total payout of $2.5 billion for the quarter ending 30 June in fuel subsidy support to national oil marketing companies. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371261/Indian-explorers-face-2.5bn-subsidy-bill Thu, 31 Jul 2014 09:17:58 +0000 live Gulfsands hits gas onshore Morocco http://www.upstreamonline.com/live/1371253/Gulfsands-hits-gas-onshore-Morocco London-listed junior Gulfsands Petroleum’s stock jumped by 15% after the explorer announced a commercial gas discovery onshore northern Morocco. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371253/Gulfsands-hits-gas-onshore-Morocco Thu, 31 Jul 2014 08:56:48 +0000 live Prosafe wins more Mexico work http://www.upstreamonline.com/live/1371254/Prosafe-wins-more-Mexico-work Oslo-listed flotel player Prosafe has secured a further extension worth $7.9 million for the charter of its accommodation unit Safe Hibernia off Mexico. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371254/Prosafe-wins-more-Mexico-work Thu, 31 Jul 2014 08:49:13 +0000 live SeaBird shoot Down Under http://www.upstreamonline.com/live/1371252/SeaBird-shoot-Down-Under Norwegian seismic player SeaBird Exploration has won a $11 million contract to carry out a 2D marine survey in Australasia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371252/SeaBird-shoot-Down-Under Thu, 31 Jul 2014 08:37:27 +0000 live Shell: 'More US dry gas woe possible' http://www.upstreamonline.com/live/1371249/Shell-More-US-dry-gas-woe-possible Shell has warned of possible further impairments in its US dry gas portfolio after taking a large hit in its upstream segment in the second quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371249/Shell-More-US-dry-gas-woe-possible Thu, 31 Jul 2014 08:30:47 +0000 live Afren bosses suspended in payments probe http://www.upstreamonline.com/live/1371248/Afren-bosses-suspended-in-payments-probe Africa-focused oil and gas company Afren has suspended chief executive Osman Shahenshah and chief operating officer Shahid Ullah over alleged receipt of unauthorised payments potentially for their benefit. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371248/Afren-bosses-suspended-in-payments-probe Thu, 31 Jul 2014 07:58:47 +0000 live TGS bags seismic hat-trick http://www.upstreamonline.com/live/1371247/TGS-bags-seismic-hat-trick Norwegian seismic contractor TGS saw profits dip in the second quarter on lower revenue but a trio of newly awarded survey deals are set to further boost its contract backlog. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371247/TGS-bags-seismic-hat-trick Thu, 31 Jul 2014 07:53:17 +0000 live Genel spuds at Nour http://www.upstreamonline.com/live/1371239/Genel-spuds-at-Nour Genel Energy has gotten to work at the SM-1 well on the Sidi Moussa block off Morocco after spudding the probe late on Wednesday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371239/Genel-spuds-at-Nour Thu, 31 Jul 2014 07:21:09 +0000 live Eni cheers giant Gabon find http://www.upstreamonline.com/live/1371238/Eni-cheers-giant-Gabon-find Italian giant Eni has made a pre-salt gas and condensate discovery on Block D4, off the coast of Gabon. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371238/Eni-cheers-giant-Gabon-find Thu, 31 Jul 2014 07:18:53 +0000 live Shell profit up as assets go http://www.upstreamonline.com/live/1371233/Shell-profit-up-as-assets-go Anglo-Dutch supermajor Shell posted a rise in second-quarter profit and vowed to continue to sell off assets. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371233/Shell-profit-up-as-assets-go Thu, 31 Jul 2014 07:11:19 +0000 live Profits surge for BG http://www.upstreamonline.com/live/1371236/Profits-surge-for-BG BG Group boosted its second-quarter earnings by 23% to $1.2 billion on increased liquefied natural gas deliveries and higher realised prices, despite being hit by lower production in Egypt and the US. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371236/Profits-surge-for-BG Thu, 31 Jul 2014 07:08:20 +0000 live Subsea 7 booms on higher sales http://www.upstreamonline.com/live/1371232/Subsea-7-booms-on-higher-sales Subsea 7 posted a strong net profit in the second quarter as revenues soared and costs were kept in check. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371232/Subsea-7-booms-on-higher-sales Thu, 31 Jul 2014 07:01:28 +0000 live Bangchak takes Nido interest http://www.upstreamonline.com/live/1371229/Bangchak-takes-Nido-interest Thailand’s Bangchak Petroleum has taken a chunk of shares in Philippines-focused Australian junior Nido Petroleum. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371229/Bangchak-takes-Nido-interest Thu, 31 Jul 2014 06:57:14 +0000 live Eni profit up despite revenue drop http://www.upstreamonline.com/live/1371230/Eni-profit-up-despite-revenue-drop Italy’s Eni saw net profit rise during the second quarter of the year despite a slight dip in revenues. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371230/Eni-profit-up-despite-revenue-drop Thu, 31 Jul 2014 06:47:44 +0000 live Brent slips to $106 http://www.upstreamonline.com/live/1371228/Brent-slips-to-106 Brent crude slipped towards $106 per barrel on Thursday and was set to post its biggest monthly loss in more than a year as higher OPEC output and disappointing demand in the US outweighed tensions in the Middle East and Africa. (News Wires) http://www.upstreamonline.com/live/1371228/Brent-slips-to-106 Thu, 31 Jul 2014 05:31:09 +0000 live MUA puts a hold on action http://www.upstreamonline.com/live/1371226/MUA-puts-a-hold-on-action The Maritime Union of Australia (MUA) has decided to withdraw its notice of an impending strike against Australian services provider Mermaid Marine Australia (MMA). bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371226/MUA-puts-a-hold-on-action Thu, 31 Jul 2014 05:19:52 +0000 live Origin cashes in on higher output http://www.upstreamonline.com/live/1371224/Origin-cashes-in-on-higher-output Australia’s Origin Energy boasted higher revenues during the June quarter on the back of increased production and sales volumes. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371224/Origin-cashes-in-on-higher-output Thu, 31 Jul 2014 04:55:00 +0000 live Ezion sees profits continue to grow http://www.upstreamonline.com/live/1371221/Ezion-sees-profits-continue-to-grow Deployment of more service rigs helps Singaporean player bring in more money Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371221/Ezion-sees-profits-continue-to-grow Thu, 31 Jul 2014 03:25:40 +0000 live Blackstone invests in Malaysian start-up http://www.upstreamonline.com/live/1371223/Blackstone-invests-in-Malaysian-start-up Private equity group Blackstone Energy Partners has confirmed it is set to form an $800 million partnership with Kuala Lumpur-based start-up Tamarind Energy. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371223/Blackstone-invests-in-Malaysian-start-up Thu, 31 Jul 2014 03:22:54 +0000 live Santos gives NT thumbs up http://www.upstreamonline.com/live/1371222/Santos-gives-NT-thumbs-up Australia’s Santos has decided to go ahead with the second stage of the Southern Amadeus joint venture in the Northern Territory, according to its joint venture partner. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371222/Santos-gives-NT-thumbs-up Thu, 31 Jul 2014 02:47:06 +0000 live Tenaris posts fall in profits http://www.upstreamonline.com/live/1371220/Tenaris-posts-fall-in-profits Luxembourg-based pipe specialist Tenaris saw profits slip during the second quarter on the back of lower revenues. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371220/Tenaris-posts-fall-in-profits Thu, 31 Jul 2014 02:07:25 +0000 live Tangiers halts trading over Tao-1 http://www.upstreamonline.com/live/1371219/Tangiers-halts-trading-over-Tao-1 Australia-listed Tangiers Petroleum has been placed in a trading halt in anticipation of an announcement regarding the Tao-1 exploration well offshore Morocco. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371219/Tangiers-halts-trading-over-Tao-1 Thu, 31 Jul 2014 01:39:33 +0000 live Murphy plugs Indonesian dusters http://www.upstreamonline.com/live/1371216/Murphy-plugs-Indonesian-dusters Wells fail to find pay on exploration permit off West Papua Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371216/Murphy-plugs-Indonesian-dusters Thu, 31 Jul 2014 00:58:23 +0000 live First move in Woodside buy-back http://www.upstreamonline.com/live/1371215/First-move-in-Woodside-buy-back Initial Woodside shareholder votes regarding the Shell buy-back have been found to be 71.3% in favour of the buy-back and 28.7% against the resolution. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371215/First-move-in-Woodside-buy-back Thu, 31 Jul 2014 00:37:57 +0000 live Murphy sees profits slide http://www.upstreamonline.com/live/1371214/Murphy-sees-profits-slide US independent Murphy Oil saw profits fall in the second quarter of the year despite output hitting a quarterly record. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1371214/Murphy-sees-profits-slide Thu, 31 Jul 2014 00:28:18 +0000 live Atwood sales exceed expectations http://www.upstreamonline.com/live/1371213/Atwood-sales-exceed-expectations New York-listed Atwood Oceanics has posted better-than-expected revenues during the third quarter. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1371213/Atwood-sales-exceed-expectations Thu, 31 Jul 2014 00:12:18 +0000 live Pemex plans JV to import US gas http://www.upstreamonline.com/live/1371208/Pemex-plans-JV-to-import-US-gas Mex Gas Supply, a unit of Mexico's Pemex, plans to form a joint venture with trading house Mercuria and JPMorgan Chase & Co to import natural gas from the United States, the Mexican state oil giant said on Wednesday according to a report. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371208/Pemex-plans-JV-to-import-US-gas Wed, 30 Jul 2014 23:11:25 +0000 live Energen touts Mancos flows http://www.upstreamonline.com/live/1371206/Energen-touts-Mancos-flows Newly minted US independent Energen reported strong results from its first two non-operated wells in the emerging Mancos tight oil play in the San Juan basin in New Mexico and said that the economics of oil development there could eventually rival those of the Permian basin. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371206/Energen-touts-Mancos-flows Wed, 30 Jul 2014 22:46:33 +0000 live Noble jacks up profits http://www.upstreamonline.com/live/1371202/Noble-jacks-up-profits Noble Corporation jacked up its second-quarter profits as high-spec newbuild units contributed to business, but shipyard time cut into revenues and utilisation. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371202/Noble-jacks-up-profits Wed, 30 Jul 2014 21:56:11 +0000 live Halcon hits TMS snag http://www.upstreamonline.com/live/1371201/Halcon-hits-TMS-snag US independent Halcon Resources hit a snag drilling its second operated Tuscaloosa Marine shale well and reported a loss of $73.3 million in the second quarter. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371201/Halcon-hits-TMS-snag Wed, 30 Jul 2014 21:42:46 +0000 live Penn Virginia in $150m midstream deal http://www.upstreamonline.com/live/1371200/Penn-Virginia-in-150m-midstream-deal US independent Penn Virginia has sold the rights to develop midstream infrastructure to service some of its operations in the Eagle Ford shale to Republic Midstream for $150 million. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371200/Penn-Virginia-in-150m-midstream-deal Wed, 30 Jul 2014 21:12:58 +0000 live Wolfcamp investment heats up http://www.upstreamonline.com/live/1371198/Wolfcamp-investment-heats-up Capital expenditures on the Wolfcamp shale are growing rapidly and spending in the Permian basin play could surpass investment in the prolific Bakken play within three years, according to consultants at Wood Mackenzie. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371198/Wolfcamp-investment-heats-up Wed, 30 Jul 2014 20:36:48 +0000 live Argentina scrambles for default settlement http://www.upstreamonline.com/live/1371194/Argentina-scrambles-for-default-settlement Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible, according to a report. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371194/Argentina-scrambles-for-default-settlement Wed, 30 Jul 2014 20:26:19 +0000 live Petrocaribe 'could be on shaky ground' http://www.upstreamonline.com/live/1371190/Petrocaribe-could-be-on-shaky-ground Political upheaval and economic trouble could destabilise a Venezuela programme to provide heavily subsidised crude oil and fuels to Caribbean nations, researchers reckon. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371190/Petrocaribe-could-be-on-shaky-ground Wed, 30 Jul 2014 19:42:00 +0000 live Rosneft signs up rigs for harsh environments http://www.upstreamonline.com/live/1371191/Rosneft-signs-up-rigs-for-harsh-environments Russian energy giant Rosneft has signed deals worth up to $4.25 billion with a unit of Norwegian offshore contractor Seadrill to secure rigs to drill in harsh environments. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371191/Rosneft-signs-up-rigs-for-harsh-environments Wed, 30 Jul 2014 19:02:03 +0000 live Chiyoda, CB&I bag Golden Pass FEED gig http://www.upstreamonline.com/live/1371185/Chiyoda-CBI-bag-Golden-Pass-FEED-gig Engineering outfits Chiyoda and CB&I will team up on a front-end engineering and design contract for the proposed Golden Pass liquefied natural gas facility after being awarded the gig by project leaders Qatar Petroleum and ExxonMobil. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371185/Chiyoda-CBI-bag-Golden-Pass-FEED-gig Wed, 30 Jul 2014 17:16:40 +0000 live Murphy up and running at Dalmatian http://www.upstreamonline.com/live/1371180/Murphy-up-and-running-at-Dalmatian Operator Murphy Oil has kicked off production from two wells in the Dalmatian field in the deep-water Gulf of Mexico, Colombian partner Ecopetrol said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371180/Murphy-up-and-running-at-Dalmatian Wed, 30 Jul 2014 17:08:19 +0000 live Latam NOCs 'to rebound after 2016' http://www.upstreamonline.com/live/1371170/Latam-NOCs-to-rebound-after-2016 Latin American national oil companies are in for a rough financial ride for the next few years but are poised for a rebound later this decade starting about 2016, according to Moody's. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1371170/Latam-NOCs-to-rebound-after-2016 Wed, 30 Jul 2014 15:53:13 +0000 live Oando eyes Nigerian output hike http://www.upstreamonline.com/live/1371166/Oando-eyes-Nigerian-output-hike Oando Energy Resources has set its sights on doubling production from the Nigerian assets it has purchased from ConocoPhillips in a $1.5 billion deal that finally closed this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371166/Oando-eyes-Nigerian-output-hike Wed, 30 Jul 2014 15:39:26 +0000 live Norway set to join EU's Russia sanctions http://www.upstreamonline.com/live/1371164/Norway-set-to-join-EUs-Russia-sanctions The Norwegian government said it planned to join the programme of economic sanctions the EU is imposing on Russia. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371164/Norway-set-to-join-EUs-Russia-sanctions Wed, 30 Jul 2014 15:26:34 +0000 live Novatek in profits boost http://www.upstreamonline.com/live/1371156/Novatek-in-profits-boost Russia’s second-largest gas producer Novatek boosted second-quarter profits on the back of higher prices but is assessing the impact of US financial sanctions on its business. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371156/Novatek-in-profits-boost Wed, 30 Jul 2014 14:37:54 +0000 live Rosneft furthers PDVSA ties http://www.upstreamonline.com/live/1371153/Rosneft-furthers-PDVSA-ties Russia’s Rosneft has signed new co-operation agreements with PDVSA as the oil producer is looking to expand its exposure to countries outside the influence of US and European powers. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371153/Rosneft-furthers-PDVSA-ties Wed, 30 Jul 2014 14:30:51 +0000 live PDC sells Marcellus with eye on liquids http://www.upstreamonline.com/live/1371152/PDC-sells-Marcellus-with-eye-on-liquids Denver-based PDC Energy has agreed to sell its 50% interest in a Marcellus shale joint venture and buy acreage in the Utica shale as it turns its full attention to producing liquids rich shale fields. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371152/PDC-sells-Marcellus-with-eye-on-liquids Wed, 30 Jul 2014 14:23:37 +0000 live Lukoil loads first Iraq buy-back oil http://www.upstreamonline.com/live/1371149/Lukoil-loads-first-Iraq-buy-back-oil Dubai-headquartered Lukoil Overseas has a crude carrier in place to take the first batch of buy-back oil from its giant West Qurna 2 project in Iraq. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371149/Lukoil-loads-first-Iraq-buy-back-oil Wed, 30 Jul 2014 14:14:03 +0000 live Gallant for Romeo http://www.upstreamonline.com/live/1371150/Gallant-for-Romeo Statoil has been granted a permit by the authorities to drill an exploration well at the Romeo prospect to test further resource potential in the vicinity of its earlier King Lear gas and condensate discovery in the North Sea off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371150/Gallant-for-Romeo Wed, 30 Jul 2014 14:06:15 +0000 live Det Norske kicks off Kvitvola http://www.upstreamonline.com/live/1371147/Det-Norske-kicks-off-Kvitvola Det Norske Oljeselskap has has started drilling at its Kvitvola prospect in the Norwegian North Sea after gaining a drilling permit for the wildcat. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371147/Det-Norske-kicks-off-Kvitvola Wed, 30 Jul 2014 13:49:19 +0000 live Kashagan restart 'may slip to H2 2016' http://www.upstreamonline.com/live/1371145/Kashagan-restart-may-slip-to-H2-2016 Kazakhstan's giant Kashagan oil and gas field may not resume production until the second half of 2016, the country’s oil and gas minister Uzakbai Karabalin has reportedly warned. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371145/Kashagan-restart-may-slip-to-H2-2016 Wed, 30 Jul 2014 13:27:09 +0000 live Statoil sinks bit at Mercury http://www.upstreamonline.com/live/1371144/Statoil-sinks-bit-at-Mercury Statoil has kicked off drilling of a third controversial wildcat in the frontier Hoop area of Norway’s Barents Sea targeting the Mercury prospect. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371144/Statoil-sinks-bit-at-Mercury Wed, 30 Jul 2014 13:26:51 +0000 live Hess profit falls on asset sales http://www.upstreamonline.com/live/1371141/Hess-profit-falls-on-asset-sales US independent Hess saw its second-quarter net profit tumble 35% year on year to $931 million as a raft of asset divestments dented its production. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371141/Hess-profit-falls-on-asset-sales Wed, 30 Jul 2014 12:56:40 +0000 live Total 'halts' Novatek share buys http://www.upstreamonline.com/live/1371136/Total-halts-Novatek-share-buys French oil giant Total has frozen further share acquisitions in Russian joint-venture partner Novatek as oil majors assess the impact of tighter European sanctions on Moscow that could hit their business ties with Russia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371136/Total-halts-Novatek-share-buys Wed, 30 Jul 2014 12:08:44 +0000 live